Reported about 12 hours ago
Investors are on edge ahead of Japan's upper house election, anticipating potential impacts on bonds, stocks, and the yen if Prime Minister Shigeru Ishiba's Liberal Democratic Party loses its majority. Concerns over increased government spending, rising interest rates, and a weakening yen dominate market sentiments, with potential selloffs expected across various asset classes, particularly if the ruling coalition falters. Trade negotiations with the US could also be affected, further complicating Japan's economic outlook.
Source: YAHOO